Saturday, November 14, 2015

More Studies Prove The Economy Always Does Better When A Democrat Is President

"The two Democratic presidents have produced jobs at 7 times the rate
of the two shrubs or 2.1 million versus 300,000 per year."…

There are few Americans who doubt the wingnut mantra that change is
abhorrent and to be rejected at all costs is the driving sentiment
among the current crop of Republican pretender candidates. It is true
that Republicans refuse to change their patriarchal attitude towards
women, cannot seek peace instead of wars, or work to promote equality
for all citizens, but where they have held firm regardless the
consequences is their failed approach to the economy. Since the
Republican demigod Ronald Reagan ushered in the concept of giving
everything to the rich and taking from the poor and middle class, it has
been the sole economic agenda proffered from every Republican;
including the Republican pretender field.

At the Republican 'debate' on Tuesday last, Republicans stood
arm-in-arm in calling for outrageous tax breaks for the rich and keeping
wages at poverty level was the key to America’s full employment, zero
debt and deficits, and never-before-seen economic growth. However, it
was curious that for a debate being hosted by a business channel, Fox
Business, there were not tough questions with follow up asking
Republicans why America’s economy always
does better under Democratic Administrations. That is not just
anecdotal, a rash of recent analyses confirmed for the ten-thousandth
time that under Democratic presidents, the American economy grows
faster, job creation improves drastically, stock prices rise, and the
nation’s GDP improves.
According to research gathered and reported
on by the New Democrat Network, the last four presidencies reveal that
beyond question: Republican pretenders dependably create economic
recessions, fewer jobs, expanded government, and larger deficits.
Conversely, Democratic administrations lead to economic growth, job
gains, and lower deficits. Harkening back and assessing just the past
four presidents, two Democrats and two Republicans, it is beyond refute
that the Democratic approach to managing the nation’s economy works and
Republicans who reject changing their “trickle down” approach fail miserably.
It would have been interesting to hear any one of the Republican
candidates explain away that historically, and currently unfolding, fact
to Republicans watching the debate. Any Democrat or conscious American
already knows, by experience, that Republican pretenders fail with their
unchanging ‘trickle down, austerity” economic approach. The candidates
likely would have just dissolved into a puddle of lies; particularly
since their unrelenting predictions that the Affordable Care Act would
destroy the economy and kill millions of jobs has turned out to be as
“shockingly wrong” as when they prophesied that the last Democratic
president, Bill Clinton’s 1993 budget would annihilate jobs and decimate
the economy forever.
Republicans claim they, and only they, can oversee robust job growth
primarily by cutting taxes for the rich and corporations; the only
solution offered by the Republican pretender field. However, on job
growth there were well over 30 million “new” net jobs created by the
Obama and Clinton presidencies while during the two shrub juntas, only 3.5 million hew jobs were created. As one pundit
put it so even an idiotic Republican could understand it; “on a yearly
basis the two Democratic presidents have produced jobs at 7 times the
rate of the two shrubs or 2.1 million versus 300,000 per year.”
With better job creation records the unemployment rate naturally
declines. Both Democratic presidents’ job creation success produced more
than a 3 percentage point decline in the unemployment rate during their
tenures in the Oval Office. The shrubs both presided over increases in
the unemployment rate by over 2 and 3 percentage points respectively.
Still, the Republicans seeking the White House have no issue promising
that if they are elected, they will immediately reinstate the same
failed job-killing economic policies that produced higher unemployment
and fewer jobs as the shrub pretenders.

The other area Republicans are resistant to change is government
spending as opposed to their tactic of only resort; austerity and “draconian spending cuts at all levels of government.”
Austerity never works during an economic downturn and the one-time,
frankly inadequate, Obama stimulus, the last time government invested in
America, would have been “incredibly more effective had it not been
offset by draconian spending cuts by state and local governments under republican cabal control. In fact, the Hamilton Institute estimated
that Republican austerity policies actually cost Americans over 2.2
million jobs and “resulted in the slowest recovery since World War II.”
The Economic Policy Institute concurred with the real economists at the Hamilton Institute and explained that:
“The current recovery is the only one that has seen public-sector
losses over its first 31 months…If public-sector employment had grown
since June 2009 by the average amount it grew in the three previous
recoveries (2.8 percent) instead of shrinking by 2.5 percent, there
would be 1.2 million more public-sector jobs in the U.S. economy today.
In addition, these extra public-sector jobs would have helped preserve
about 500,000 private-sector jobs.”
Regardless of the Republican attempts to thwart any Obama recovery
beginning on Inauguration night and continuing unabated today, the
President still easily outperformed the Republicans proceeding him in
managing the economy; particularly during the great Republican junta’s recession. Whether it was creating millions of jobs,
reducing the unemployment rate or saving the American automobile
industry, President Barack Obama accomplished it all while “keeping government spending flat and cutting annual budget deficits by two-thirds.”
It is something that no Republican has, or ever will, accomplish
because they will never accept change and abandon their failed trickle
down, austerity, economic agenda. It is why, no matter who the nominee
is, a Democratic president will continue the Obama economic recovery and
any Republican will take little time to repeat the shrub economic
disasters.

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